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428 Clinton Street

Steve Schaefer Brokered The Sale of a Single-Family Home at 428 Clinton Street in Carroll Gardens for $4 million.
SOLDSingle Family

Steve Schaefer Brokered The Sale of a Single-Family Home at 428 Clinton Street in Carroll Gardens for $4 million.

428 Clinton Street

$4,000,000

$1,594/SF

Building Size

2,508 SF

Asset Type

Single Family

Closing

Jun 18, 2024

AI

The property asset involved in this transaction is a single-family home located at 428 Clinton Street in the Carroll Gardens market. The sale price was $4,000,000, and the property encompasses 2,508 square feet, resulting in a price per square foot of $1,595.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $4,000,000
  • Address: 428 Clinton Street
  • Market: Carroll Gardens
  • Square Footage: 2,508
  • Price per Square Foot: $1,595
  • Seller: Stephen Rutterford
  • Broker: Steve Schaefer - Serhant

The deal involved broker representation by Steve Schaefer from the agency Serhant, who facilitated the sale on behalf of the seller, Stephen Rutterford. This transaction underscores the activity in the Carroll Gardens market for single-family residences.

Players

Steve Schaefer

Serhant

Broker

$16.1M

vol

4 deals

Broker

Brooklyn Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93